5/4/26 Recap

The SPY is red today, we just sold off on news Dubai was hit by some missiles. We’ve needed an excuse to cool off a bit and this was it. I’m not really sure what to believe because premarket we heard our ships were hit by missiles and then that was later debunked. As long as we’re cruising over this 8 ema we’re in a clean uptrend and that’s all that matter. Even longer term moving averages like the 50 and 200 are beginning to slope up and that is bad news for bears if it sustains. Overall things are looking good, the war seems completely on the backburner even though they try to bring it front and center every other day with some new headline but we’re not breaking any key levels right now on this news so its nothing major. Look at the chart below, from the day we reclaimed the 200 day on the ceasefire, it has just been a nice and smooth move up over the 8 ema. The vix, yields, and oil perking up today is not ideal but its just going to be this way until we end this war officially.

Top Gainers From Friday’s Flow

My Open Book

Trades I Made Today